Reportable Segments

9 Months Ended

Jul. 01, 2017

Segment Reporting [Abstract]

Reportable Segments

Reportable Segments

Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for segments are attributed to the region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and other expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring and other charges, if any. These costs are not allocated to the segments, as management excludes such costs when assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The accounting policies for the segments are the same as for the Company taken as a whole.

Information about the Company’s three reportable segments for the three and nine months ended July 1, 2017 and July 2, 2016, respectively, is as follows (in thousands):

	Three Months Ended						Nine Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Net sales:
AMER	$	265,173		$	359,412		$	851,888		$	994,750
APAC	325,986			292,644			945,713			862,535
EMEA	53,126			41,041			137,550			126,830
Elimination of inter-segment sales	(25,453		)	(25,481		)	(76,951		)	(81,175		)
	$	618,832		$	667,616		$	1,858,200		$	1,902,940
Operating income (loss):
AMER	$	7,392		$	22,099		$	30,418		$	45,937
APAC	49,811			38,283			148,535			110,097
EMEA	(768		)	(1,572		)	(4,224		)	(2,997		)
Corporate and other costs	(26,966		)	(27,892		)	(78,786		)	(77,249		)
	$	29,469		$	30,918		$	95,943		$	75,788
Other income (expense):
Interest expense	$	(3,294	)	$	(3,637	)	$	(9,830	)	$	(10,845	)
Interest income	1,299			1,134			3,555			3,081
Miscellaneous	(103		)	297			1,147			(2,451		)
Income before income taxes	$	27,371		$	28,712		$	90,815		$	65,573

	July 1, 2017		October 1, 2016
Total assets:
AMER	$	534,870	$	590,850
APAC	1,116,617		1,009,917
EMEA	156,227		136,636
Corporate and eliminations	60,918		28,416
	$	1,868,632	$	1,765,819